109th CONGRESS
1st Session
S. 1879
To amend title 11, United States Code, to limit claims in bankruptcy
by certain unsecured creditors.
IN THE SENATE OF THE UNITED STATES
October 17, 2005
Mr. AKAKA introduced the following bill; which was read twice and referred
to the Committee on the Judiciary
A BILL
To amend title 11, United States Code, to limit claims in bankruptcy
by certain unsecured creditors.
Be it enacted by the Senate and House of Representatives of the United
States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the `Bankruptcy Prevention Credit Counseling Act
of 2005'.
SEC. 2. REDUCTION OF UNSECURED CLAIMS.
Section 502(b) of title 11, United States Code, is amended--
(1) in paragraph (8), by striking `or' at the end;
(2) in paragraph (9), by striking the period at the end and inserting `;
or'; and
(3) by adding at the end the following:
`(10) such consumer debt is an unsecured claim arising from a debt to a
creditor that does not have, as of the date of the order for relief, a policy
of waiving additional interest for all debtors who participate in a debt
management plan administered by a nonprofit budget and credit counseling
agency described in section 111(a).'.
END
